Upstart's Business Surged Back in Q4
Here's our initial take on Upstart's (NASDAQ: UPST) fourth-quarter results.Upstart's business has whipsawed around the past few years as strong initial demand in a low-interest rate environment led to quick growth and then interest rates surging to multi-decade highs saw lenders pull back from the unsecured personal loans that make up the bulk of Upstart's business.There are some signs that the lending freeze is beginning to thaw and that Upstart is positioned to be a big winner from lenders' increasing trust in its risk assessment platform.Continue reading
Here's our initial take on Upstart's (NASDAQ: UPST) fourth-quarter results.
Upstart's business has whipsawed around the past few years as strong initial demand in a low-interest rate environment led to quick growth and then interest rates surging to multi-decade highs saw lenders pull back from the unsecured personal loans that make up the bulk of Upstart's business.
There are some signs that the lending freeze is beginning to thaw and that Upstart is positioned to be a big winner from lenders' increasing trust in its risk assessment platform.
